JPMorgan Chase & Co. Boosts Stock Holdings in Hudson Pacific Properties, Inc. (NYSE:HPP)

JPMorgan Chase & Co. increased its holdings in Hudson Pacific Properties, Inc. (NYSE:HPP - Free Report) by 257.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,322,827 shares of the real estate investment trust's stock after acquiring an additional 952,393 shares during the period. JPMorgan Chase & Co. owned approximately 0.94% of Hudson Pacific Properties worth $4,008,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HPP. Stifel Financial Corp acquired a new stake in shares of Hudson Pacific Properties during the third quarter valued at about $48,000. Barclays PLC increased its holdings in Hudson Pacific Properties by 120.9% in the 3rd quarter. Barclays PLC now owns 244,222 shares of the real estate investment trust's stock valued at $1,168,000 after purchasing an additional 133,673 shares during the last quarter. Geode Capital Management LLC raised its position in Hudson Pacific Properties by 4.7% in the third quarter. Geode Capital Management LLC now owns 3,426,417 shares of the real estate investment trust's stock valued at $16,381,000 after purchasing an additional 154,101 shares during the period. Green Alpha Advisors LLC lifted its stake in Hudson Pacific Properties by 77.7% during the fourth quarter. Green Alpha Advisors LLC now owns 521,592 shares of the real estate investment trust's stock worth $1,580,000 after purchasing an additional 228,079 shares in the last quarter. Finally, Mechanics Bank Trust Department purchased a new position in shares of Hudson Pacific Properties during the fourth quarter worth $60,000. 97.58% of the stock is currently owned by hedge funds and other institutional investors.

Hudson Pacific Properties Stock Performance

HPP traded down $0.04 on Friday, reaching $2.21. The company had a trading volume of 554,103 shares, compared to its average volume of 2,868,874. Hudson Pacific Properties, Inc. has a 1 year low of $2.00 and a 1 year high of $6.29. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $311.68 million, a PE ratio of -0.86 and a beta of 1.30. The stock has a 50-day moving average price of $2.74 and a 200-day moving average price of $3.25.

Hudson Pacific Properties (NYSE:HPP - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. Hudson Pacific Properties had a negative net margin of 44.01% and a negative return on equity of 12.64%. The firm had revenue of $209.67 million during the quarter, compared to the consensus estimate of $207.95 million. As a group, research analysts forecast that Hudson Pacific Properties, Inc. will post 0.45 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on HPP. Mizuho lowered their price objective on shares of Hudson Pacific Properties from $5.00 to $3.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group cut their price objective on Hudson Pacific Properties from $3.40 to $2.30 and set a "neutral" rating on the stock in a research report on Tuesday. Morgan Stanley reiterated an "underweight" rating and issued a $1.75 price objective on shares of Hudson Pacific Properties in a research note on Tuesday, April 15th. Scotiabank reduced their target price on shares of Hudson Pacific Properties from $4.00 to $3.00 and set a "sector perform" rating on the stock in a report on Tuesday, February 18th. Finally, Piper Sandler lowered their price target on shares of Hudson Pacific Properties from $3.50 to $2.50 and set a "neutral" rating for the company in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $3.14.

About Hudson Pacific Properties

Hudson Pacific Properties NYSE: HPP is a real estate investment trust serving dynamic tech and media tenants in global epicenters for these synergistic, converging and secular growth industries. Hudson Pacific's unique and high-barrier tech and media focus leverages a full-service, end-to-end value creation platform forged through deep strategic relationships and niche expertise across identifying, acquiring, transforming and developing properties into world-class amenitized, collaborative and sustainable office and studio space.